Possible insider trading, shares are suspended, annual results will be delayed (a breach of the Listing Rules), all sounds not very good. Below two articles, from BusinessInsider and BusinessWeek.
Chaoda’s shares were suspended from trading on Sept. 26, the same day the misconduct proceedings were first reported. They’ll remain suspended until the company issues a statement to address a report by Anonymous Analytics, it said. The report questions Chaoda’s accounts.
Chaoda will delay releasing its annual results for the year ending June 30, which were expected today, to “include additional audit procedures” after reports from the media and Anonymous Analytics, the company said in a filing to the Hong Kong Stock Exchange today.